About Me

Wednesday, December 14, 2016

Happy New Year!

'As the ten-year yield approaches 3%, which is more than double the rate
seen just five months ago, all forms of fixed income, along with their
proxies, will come under extreme pressure. This means; corporate debt,
municipal bonds, REITs, CLOs, student and auto loan securities, bond
funds, the real estate market, all dollar-denominated foreign debt and
equities will fall concurrently along with the global economy. All this
should occur while the multi-hundred trillion dollar interest rate
derivative market gets blown to smithereens.'